A Simple Structure Is an Organizational Form in Which the Owner-Manager

question 81

True/False

A simple structure is an organizational form in which the owner-manager makes all major decisions directly and monitors all activities, while the staff merely serves as an extension of the manager's supervisory authority.

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Definitions:

Pitch Deck

A presentation created by entrepreneurs seeking investment, illustrating the key elements of their business plan, including vision, strategy, and financials.

Vivid Vision

A detailed description of what a company aims to achieve in the future, often visualized comprehensively to inspire action towards those goals.

Strategic Planning

The process of defining an organization's strategy or direction and making decisions on allocating resources to pursue this strategy.

Business Model Canvas

A strategic management tool that visually outlines a company's value proposition, infrastructure, customers, and finances, facilitating an understanding of how various business aspects interconnect.